Subscribe for perks & to support LI

Your Interests & Preferences: Personalise your reading

Which best describes your role and/or interests?

I work in a law firm
I work for a company / in-house
I'm a litigator at the bar
I'm a law student
Aspiring law student
Other
Save setting
Or click here to show more preferences...

I am interested in the following types of stories (uncheck to hide from frontpage)

Firms / In-House
Deals
Courts
Legal Education

Always show me: (overrides the above)

Exclusives & Editor's Picks

Website Look & Feel

Light Text on Dark Background

Save preferences


Note: Your preferences will be saved in your browser. You can always change your settings by clicking the Your Preferences button at the top of every page.

Reset preferences to defaults?

Shardul Amarchand, JSA assist Indiabulls on $33.5m Gurgaon offices sale to Blackstone

“Indiabulls sells 50% stake in office assets for Rs 464 cr to Blackstone: The company’s existing wholly-owned subsidiaries Ashkit Properties Ltd and Yashita Buildcon Ltd have become joint ventures,” reported Business Standard.

Shardul Amarchand Mangaldas & Co advised Blackstone led by a team of Transaction: partner Mithun V Thanks, partner Anuj Bhasme, principal associate Neety Thakkar, senior associate Gaurav Dugar, associate Avichal Mathur, associate Nirav Punjani, associate Rutvi Shrimankar and associate Harshavardhan Sunder. Real estate advice was provided by partner Ashoo Gupta and principal associate Daryush Marfatia. Competition law advice was provided by partner Shweta Shroff Chopra, and senior associate Supritha Prodaturi.

JSA advised Indiabulls Real Estate Limited with a team of partner Lalit Kumar, principal associate Bharat Bhushan Sharma and associate Amandeep Singh Virk.

According to Shardul Amarchand, the “transaction pertains to the subscription by Blackstone of: (i) equity shares of Ashkit Properties Limited, amounting to 50% of the paid-up and issued share capital of APL; and (ii) equity shares and compulsorily convertible debentures of Yashita Buildcon Limited, amounting up to 49.9% of the paid-up and issued share capital of YBL. APL holds land in Gurugram, on which an IT/ITes project is being developed”.

2018-12-20

Deal value: US$ 33.5 million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.

Click to show 11 comments
at your own risk
(alt+c)
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.

Latest comments